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A 200-acre property positioned 20 miles outdoors of Philadelphia and owned by Rockefeller household descendants has bought for $24 million, The Wall Avenue Journal reported.

The property was listed for $29.9 million in 2022, Compass itemizing agent Lavinia Smerconish informed The WSJ. Relationship to the late 1700s, the property often known as Kirkwood Farm options 5 historic farmhouses various in measurement between 1,750 to 2,900 sq. toes. The property additionally contains two barns and a springhouse.

Sellers of the property embrace William Rockefeller Jr.’s grandson Roy Jackson and his kids, based on property data. William Rockefeller Jr. helped create the Normal Oil Co. together with his brother John D. Rockefeller. The property has been within the household for generations, and this marks the primary time it has been available on the market in over 90 years, based on the itemizing description.

In the previous couple of years, the land was utilized by a looking membership and numerous the residences have been rented out, Smerconish informed The WSJ.

A farmhouse on the property | Zillow

The customer was not instantly recognized however doesn’t intend to develop the property, based on the client’s agent Kim Whetzel, of Kurfiss Sotheby’s Worldwide Realty, who co-represented the client with Ellen Hass, additionally of Kurfiss Sotheby’s.

The property additionally options expansive pastures, hillsides, a fringe of centennial timber and the Yarnell Run stream. The residences date to the 18th and nineteenth centuries, based on Smerconish, a few of that are made from fieldstone.

The median sale worth of a house in Chester County, the place the farm is positioned, was $446,000 in February, down 0.89 % yr over yr, based on Redfin.

Electronic mail Lillian Dickerson